Europe: Omicron hits travel

Brussels, 11.12.2021 TUI (TUIFF) says a surge in Covid-19 infections and the Omicron variant is taking its toll on winter holiday bookings.

Europe’s biggest travel company said on Wednesday, December 8, it had been seeing “positive momentum” in bookings but that had weakened because of “the increased media coverage of rising [coronavirus] incident rates and the emergence of new Omicron variant.”

The company said that if “current sentiment prevails,” it would likely only operate around 60% of pre-pandemic capacity, towards the lower end of where it had hoped to be. Bookings for this winter were currently at 62% of levels seen in 2018-2019, it added.

“In light of recent trends, capacity will likely be modified towards the lower end of our winter capacity plans of between 60% and 80%. We expect the current short-term booking behavior to continue,” TUI said in its annual report.

Covid-19 infections have been rising in some of TUI’s most important markets. Germany on Wednesday recorded its highest number of daily deaths from Covid-19 since February, as it struggles to bring a fourth wave of the pandemic under control.

In the United Kingdom, pressure is mounting on the government to introduce tougher restrictions to try to limit infections amid rising case numbers. The seven-day rolling average on November 29 was over 45,000, the highest it’s been since a peak around October 17.

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